Psst!..want some Iraqi dinars?

Despite warnings from authorities, the craze to buy Iraqi Dinars continues. A report in the Iraq Business News files on Jan 1 2014 stated that  "a federal grand indicted three men from the Toledo area for their roles in the operation of a $23 million fraud scheme involving the sale of Iraqi dinar currency".
What is it with these guys? They keep on coming and posting zealous articles in the social media
,Reuter reports, there are limited avenues where you can buy Iraqi dinars and should you change your mind dealers will only buy back dinars at a 30% discount.
This is not a liquid market.
CNBC columnist Kelley Holland says the dinar is the subject of a variety of scams, and regulators and watchdogs are sounding alarms:

“If someone has been telling you about the rosy prospects for the dinar, please, please, be careful. It’s almost certainly too good a story to be true.”

And still they continue to swirl around ..heated exchanges 
take place on social websites intimating that the negative naysayers will be proved wrong and they'll be "laughing on the other side of their face"' whatever that expression means.
There's even a website in Australia promising delivery of dinars to your doorstep!
This craze and fervour appeals as much as an outdoor café in a hurricane.
Oh, boy!



Investors waiting patiently

Chinese Navel Exercises

Of recent concern in the press has been the news about Chinese Navel exercises. Seems to be causing much concern.

Cheesed off

What's this got to do with the price of fish? Nothing, really, however.............

the price of cheese. particularly "foreign " stuff is really an enigma. Innit? If this goes unnoticed it is probably overlooked by those who require wheelbarrows to trundle their salaries to the bank  or  the supermarket managers.
Now, in France and in Europe generally, the price of a reasonable brie or camembert ranges from E10 ( A$ 13/14) to E15 (A$ 22/23) pkg. These are supermarket prices. In Oz the minimum seems to start at round about $38.00 pkg to the average of $55.00 pkg.
What's up cheese makers?

Stiff Cheddar

Qantas

Assistance for Qantas?

It is reported that Alan Joyce is considering cutting another 1000 Qantas positions shortly.

It will be interesting to see how he will fare when he pushes his trolley to Canberra for some ready cash.

Will he get it?

On the face of it probably not .

Recently SPC, Holden (GM) ,Ford and Toyota have crashed but Cadbury escaped with a pat on the back.

However , Alan Joyce has done a great job in terms of the current government’s philosophy. He’s been slashing and chopping wilder than a Stephen King villain. Brownie points there.

 Mechanics, baggage handlers and pilots could well be advised by the coalition that there are plenty of waiting jobs available in Canberra .Relocation grants might be considered.

Joyce will also reveal his plans for the new Qantas. See picture below.  The cost savings are good... reduction of fuel costs, maintenance and staff The new terminal will be far smaller and will be adapted to conditions in Sydney, Brisbane and Melbourne. Fewer passengers of course will also increase the efficiency of the airline.

 (Photo from Queensland State Archives)

 

 

Easing our guilt on THE BOATS

The Boat people....

It's gratifying to see that the boat people are being considered  humanely.
The current buzz around is that the government is saving lived by preventing people from taking risks with their lives.
It's a good argument , isn't it?
There is however a faint whiff about this argument...something a little self satisfied? Until however this can be demolished thoroughly....... 

  ........  ( comparison of  statistics with European disasters and sinkings for example) it;s a comfortable argument and helps ease the pangs .It'll have to do for the moment.